RE:RE:RE:RE:RE:RE:QuestionWanTBe1 wrote:
The only reason I could think why anyone would buy more now is to average down that hold this stock at a higher price above $15 or more that way you don't lose as much and the money you get for your 30% you can buy back your shares. This would work great if you own the stock in your RRSP or Tax Free which you can't claim a Tax loss.
Sorry but your logic is flawed. Buying more shares at a price higher than $12.58 and then losing 30% of those shares is an additional loss. Your overall average price might come down but in hard $$ you are losing more.
I also don't see how this would work great in registered accounts. You get no tax benefit from doing what you are saying to do. It is a pure $$ loss.
Cheers.